Principal Financial Group Inc. Sells 14,952 Shares of YETI Holdings, Inc. (NYSE:YETI)

Principal Financial Group Inc. decreased its position in YETI Holdings, Inc. (NYSE:YETI) by 5.2% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 274,846 shares of the company’s stock after selling 14,952 shares during the period. Principal Financial Group Inc. owned approximately 0.33% of YETI worth $9,097,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in YETI. Aster Capital Management DIFC Ltd acquired a new position in YETI in the 4th quarter worth $44,000. Pilgrim Partners Asia Pte Ltd acquired a new position in YETI in the 4th quarter worth $45,000. GeoWealth Management LLC acquired a new position in YETI in the 4th quarter worth $48,000. Jones Financial Companies Lllp boosted its stake in YETI by 22.5% in the 4th quarter. Jones Financial Companies Lllp now owns 1,526 shares of the company’s stock worth $59,000 after purchasing an additional 280 shares during the period. Finally, Headlands Technologies LLC acquired a new position in YETI in the 4th quarter worth $70,000.

YETI Stock Down 0.6%

Shares of YETI stock opened at $31.89 on Tuesday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.47 and a current ratio of 2.58. The firm’s 50-day moving average is $30.87 and its 200-day moving average is $33.15. The stock has a market cap of $2.64 billion, a price-to-earnings ratio of 15.33, a PEG ratio of 2.77 and a beta of 1.85. YETI Holdings, Inc. has a 52-week low of $26.61 and a 52-week high of $45.25.

YETI (NYSE:YETI) last issued its earnings results on Thursday, May 8th. The company reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.04. The company had revenue of $351.13 million for the quarter, compared to analysts’ expectations of $347.72 million. YETI had a net margin of 9.59% and a return on equity of 26.48%. YETI’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.34 EPS. Sell-side analysts predict that YETI Holdings, Inc. will post 2.57 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Jefferies Financial Group reaffirmed a “buy” rating and issued a $55.00 target price on shares of YETI in a research note on Monday, May 5th. Stifel Nicolaus reduced their target price on shares of YETI from $40.00 to $34.00 and set a “hold” rating for the company in a research note on Thursday, April 10th. Morgan Stanley upped their target price on shares of YETI from $33.00 to $34.00 and gave the stock an “equal weight” rating in a research note on Friday, May 9th. Robert W. Baird reduced their target price on shares of YETI from $50.00 to $40.00 and set an “outperform” rating for the company in a research note on Friday, April 11th. Finally, UBS Group reduced their target price on shares of YETI from $43.00 to $31.00 and set a “neutral” rating for the company in a research note on Thursday, April 17th. Ten equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $39.40.

YETI Company Profile

YETI Holdings, Inc designs, retails, and distributes products for the outdoor and recreation market under the YETI brand. It offers coolers and equipment, including hard and soft coolers, cargo, bags, outdoor living, and associated accessories, as well as backpacks, duffel bags, luggage, packing cubes, carryalls, camp chairs, blankets, dog beds, dog bowls, and gear cases under the LoadOut, Panga, Crossroads, Camino, Hondo Base, Trailhead, Lowlands, Boomer, and SideKick Dry brands.